...INTRODUCTION: Luxury Brands in India If it was few decades ago, there was a very limited scenario one could see with respect to the luxury market in India. Those days luxury market was associated with the rich class and with very few upper-middle class people. However, with the involvement of number of international luxury brands in the country, the shape of the luxury market in India has undergone a dramatic transformation. When it comes to the word luxury it is mostly misunderstood with the meaning beyond the reach of common man. With every year passing by, the so called beyond the reach of common man is proving to be a false fact. Luxury products are becoming the necessities not only for the rich class or upper middle class but also for the middle class people. Luxury market in India is build up on basic four elements which are quality, value for money, customer satisfaction and the most important creativity. In order to be successful in Indian market luxury brands should be able to sustain and fulfill these criteria on a long term basis. The Indian luxury market is growing at a rate of 25% which simply implies the consumption of luxury products has been increasing at a fast pace. India is becoming the new destination for luxury brands across the globe and Indian government opening Foreign Direct Investment (FDI) in retail has resulted in many global luxury retail brands to plan and strategize their expansion in India. If industry experts are to be believed Indian customers...
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...Affordable housing and slum redevelopment in a global context ..................... 6 b. Affordable housing and slum redevelopment in India ....................................... 7 c. Affordable housing and slum redevelopment in Pune ....................................... 9 III. Need Assessment ................................................................................................... 10 IV. Bibliography .......................................................................................................... 12 Introduction The term, “smart city” can be rather nebulous when taken by itself; there exists no widely accepted definition (Ministry of Urban Development, 2015, p. 5). The significance of a smart city varies across countries and cities, making it imperative to examine what the name means in the Indian context. As per the government, a smart city has three major features: a strong infrastructural core that induces high-quality living, a sustainable, clean environment and “smart solutions” (Ministry of Urban Development, 2015, p. 5). Even this concise description of smart cities seems to depict a highly dense, multi-faceted landscape and thus it perfectly conveys the complexity of a city that is to be considered “smart”. Naturally, implementing such an ambitious model for urban development in India would require tackling an endless number of issues. This is why the following report chooses to focus on but one, examinable, component...
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...operations to international markets beyond India and South Asia. The company has created a new international business group, which will be responsible for the company's expansion plans. Manoj Kohli, joint managing director and chief executive of Indian and South Asian operations, has been appointed as the head the newly created international business division. Sanjay Kapoor, currently the deputy CEO of the company will be elevated to the position of CEO (India and South Asia), Bharti Airtel. In his new role, Mr Kapoor would have responsibility of leading India and South Asia businesses of Bharti Airtel and will drive growth and business synergies in mobile services, telemedia services, enterprise services and DTH. Sunil Bharti Mittal, chairman and managing director of Bharti Airtel, said: “The next phase of our journey is set to be another game changer - requiring superior thrust and focused leadership. We continue to win in the Indian telecom market, which is going through a phase of hyper competition. At the same time, we will be developing comprehensive plans for our journey to cover emerging markets beyond India and the South Asia.” “Bharti Airtel has one of the finest management teams in the country and a strong leadership pipeline. This new structure will leverage our management depth and build a strong platform for fulfilling our global vision. Manoj and Sanjay, are amongst the finest professionals in telecom industry not just in India but across the world and have...
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...English Mr. Fritz 8th period A Passage to India Julia Penelope, a linguist once said, “Language forces us to perceive the world as man presents it to us.” For humans to try and understand what is going on in the world, and communicate; we created language. But there is a flaw in language. Language describes the world in a way that is restricting by the words we give it. Not all things can be described and interpreted in the exact manner they are supposed to be. Many things cannot be described and are beyond language, leaving no words to properly explain some events. In order to talk to someone and communicate thoughts, language is needed, which can be restricted by words. Two different cultures see the world by the language they know. Language restricts us to only words, which might have limited meaning, and may diminish the meaning of people’s thoughts. People can also choose the wrong words to describe their situation, and miscommunications arise. Miscommunications are bound to happen with any language. Not everyone understands the full breath of their language and even if they do, there are things beyond words that are indescribable. Language can create obstacles, even obscure a person’s thoughts and desires. Language makes us feel better because we can put words to something. Not being able to put words to something makes us feel incomplete. Not all meaning can be put to words, and not all language is meaningful. In A Passage to India the characters are restricted by language...
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...India on the move By Jazib Zahir MBA students often study a case titled "India on the Move" published by Harvard Business School. The case touches upon recent attempts by the Indian government to liberalise the country's economy and this is cited as a key factor behind India's prodigious growth rate over the last two decades. The case conveys a sense of excitement around the business opportunities present in this vast land through facts, figures and analysis. But you can't understand a country by reading about it anymore than you can understand business just by reviewing a textbook. Fortunately, I had a chance to visit some of the major cities in India for a few days and form some superficial impressions of the business environment there. The first thing I noticed when I disembarked in Delhi was the wealth of foreigners in the land. Indeed, as I exited the airport, the number of Caucasians and East Asians on site was comparable to the number of natives. Wherever I went, it was common to see foreigners assimilated into the work environment. Many had brought over their spouses and children to live in the country, even if their stay was meant to be temporary only. In fact diversity, even in subtle ways, was the hallmark of my time spent at an office in Delhi. It was common for all the team members, including the management, to sit around one table at lunch time. The team included people from different religious backgrounds and a range of dietary restrictions was in place. However...
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...CLASS AND CASTE- BACKWARD CLASSES AND DALITS The term Apartheid was coined to define the social and political policy of racial segregation enforced by the whites on the black natives of South Africa. Apartheid of India is ‘Casteism’. So, is India a replica of South African apartheid? Certainly not. The South African natives were segregated on the basis of laws, made by men in authority ,which were later dismantled by human efforts, again by men in authority. But in India, the discriminatory nature of class as well as race is duly recognised by the Constitution but not practised as the men in authority here are not distinct. Hence, the apartheid between Bharat and India is beyond the reach and ambit of human intervention. Class and caste discrimination in India is as old as the Himalayas. The enormity of human degradation, inequality, discrimination and untouchability is beyond comprehension and is enforced by scriptures which are held and hailed as sacred. Violation of scriptural ordinance is blasphemous and therefore unimaginable. It all started with the advent of the Aryans and the writing of the Vedas. The caste system has been there in India since then but it was merely a class system on the basis of division of labour. But it accelerated during the British Raj as they produced the Scheduled Caste List to enforce their ‘ Divide and Rule’. The colonial experience resulted in the obsession of Indians with fair skin colour. But even this inferiority complex fails to provide...
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...INCIDENT: INTERNATIONAL CASE BETWEEN ITALY AND INDIA Author: Manuele Scardaccio The Enrica Lexie incident of 15 February 2012, off the coast of Kerala had attracted unprecedented attention in all the world. The legal issues involved in bringing the Italian marines to justice for the killing of two Indian fishermen on board an Indian fishing boat in a shoot-out from Enrica Lexie, an Italian flagged commercial boat, in the contiguous zone of India had been the subject matter of legal dispute before the Kerala High Court and the Supreme Court of India. The judgments of both Kerala High Court and the Supreme Court of India in regard to the Enrica Lexie incident dealt with the legal aspects of coastal state jurisdiction and the sovereign immunity available to the Italian marines under international law and the national law extensively. The views of the Supreme court on the coastal state jurisdiction with regard to Enrica Lexie incident appears to be final, despite the Court having allowed the Italian marines to re- agitate the jurisdiction issue in the Special Court, which will try the crimes committed by the Italian marines from Enrica Lexie . The investigation of the Enrica Lexie incident is now destined to go to the Special Court once the investigation is completed and charges are laid. The legal aspects of other post judgment developments such as Italy’s initial refusal to send back the Italian marines for trial in India and the consequential order of the Supreme Court restraining...
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...Creative Commons: thinking beyond copyright UPC Alles-in-1 Zakelijk - Internet+Bellen+TV vanaf € 40 p.m. Stel nu zélf uw Pakket samen! Zakelijk.UPC.nl/Alles-in-1 Ads by Google T. Ramachandran Share · Comment · print · T+ <a href="http://www.thehindu.com/opinion/blogs/blog-datadelve/article5380106.ece?textsize=large&test=1" title="Large Text Size" >T+</a> · <a href="http://www.thehindu.com/opinion/blogs/blog-datadelve/article5380106.ece?textsize=small&test=2" title="Small Text Size">T-</a> 2 The traditional copyright licence has for long been the mainstay of writers and content creators. Are there ways of going beyond copyright when it comes to promoting and sharing original work and content online? Yes, think of Creative Commons, which has been relaunched in India. The multiple options available these days for sharing content using the range of licences that are being promoted in the Creative Commons domain were in focus at the recent relaunch of Creative Commons India. The Creative Commons(CC) licenses, which provide more options compared to the traditional copyright licence for sharing creative work and digital content, and permit its creators to set the conditions for such sharing, has gained global traction. Compared to the traditional copyright licence, which is very restrictive in nature, CC licenses enable authors fine-grained ways of deciding on the rights they would...
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...natural resources of the sea as the land territory of Bangladesh covered only about 144, 000 square kilometers. Against this backdrop, bilateral talks to demarcate the maritime boundary commenced with India and Myanmar in 1974. But the talks remained stagnant for more than three decades. Under these circumstances, Bangladesh had to look for another way to resolve the maritime disputes with the two countries. On October 8, 2009, the AL government took a bold but a risky decision to seek justice under the arbitral settlement provisions of the 1982 UN Convention on the Law of The Sea (UNCLOS). This avenue was open as all three countries -- Bangladesh, India and Myanmar -- had filed UNCLOS and hence were bound to act by the provisions of the Convention. The risk was that the judgment of the UN dispute machinery could go against Bangladesh unless there was a thorough preparation of Bangladesh's case and a team of international lawyers of repute could be put together to argue the case of Bangladesh before the arbitral tribunals. It was a 'legal gamble' for Bangladesh. Under the Convention, two methods of dispute-resolving mechanisms were available to the parties. Myanmar agreed to the jurisdiction of the Hamburg-based International Tribunal of the Law of the Sea (ITLOS), while India agreed to the authority of The Hague-based Permanent Court of Arbitration (PCA), and verdicts of both courts have been delivered. Bangladesh –Myanmar dispute: On March 14, 2012, ITLOS delivered the judgment...
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...belonging to a particular demographic are found to be using products and services that were not primarily targeted at them. Consumers are not a big demographic monolith but are becoming more diverse in their needs and wants. This trend is triggered by the increased access to information, products and services, availability of wide variety of products and services and changing socio cultural norms that encourage people to experiment with products and ideas. Appreciating this trend and looking beyond demographics into the behavior and interests of consumers would help marketers to tap into new opportunities and otherwise ignored consumer segments. | [Pick the date] [Pick the date] ------------------------------------------------- Trend Analysis – Post Demographic Consumerism Introduction “Post Demographic Consumerism” is identified as one of the consumer behavior trends for 2015 by the research agency Trend Watching. This paper attempts to study the trend with respect to the market changes in India, which is one of the biggest emerging economies. Post Demographic Consumerism Segmentation is the first step in marketing strategy where a broad market is divided into homogenous groups which are perceived to have similar needs and wants. The objective of segmentation is to identify homogenous groups which can be targeted with a marketing mix that would meet the group’s expectation. The different bases used for segmenting the...
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...are to be relevant and creative”(64). Gilkey continues to say that secularism exists on presuppositions level and so expressed in different forms of a given culture’s life, and thereby not an easy thing to characterize briefly (Gilkey 64). This is true especially when one attempts to define the meaning of secularism in a place like India, a land of multiple cultures and religions. Secularism seems “incongruous” as Badrinath Rao, a professor in Sociology and Asian Studies, rightly asserts (47). It has multifaceted expressions and it means different things...
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...taking important steps towards mechanization, negative side effects are that many female workers beyond their 30ies might lose their job with little hope for alternative decent employment. Besides, young people lose interest to work in the cashew processing industry threatening the sector in the long run. Being an important player in the cashew market and in the frame of its Buying into the Future sustainability strategy, Intersnack Procurement (ISP) proposed to its key supplier Rajkumar Impex (RI) to join forces in the commitment to counteract this tendency prejudicial to the cashew sector and their common business. Rajkumar accepted the invitation. Civic stakeholders i.e. ICCO Cooperation, in particular ICCo India, and BoP Innovation Center through the initiative ‘Women as Inclusive Business partners, will be key partners in the design and implementation of the project. Vision Women as Inclusive Business partners in the cashew industry Mission Partners recognize that the - often hidden- potential of women can lead the cashew industry into higher efficiency standards, increased product and processes quality and greater gender equality. To seize this potential and position, project partners envisage a project with a focus on: * Enhancing women’s access and agency to upgrade their position in the cashew sector * Enlarging women’s scope for work opportunities in and beyond the cashew processes * Active promotion of the aspiration level in women to position work...
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...subsequently, purchasing power is falling. But going by the recent trends, it is no more the case. May be it is true for the general public of India but it is not exactly the same for a particular society of India. For them, as the inflation rises so does their income through various means viz. Coal, CWG, FDI in retail etc.etc. Ask this section of people and its policy makers about the daily price rise in our everyday consumable products and you will hear a monotonous reply that these are reforms and a must for the healthy economy of India. Every other anti people policy has resulted in a rise in stock index and that is being greeted unequivocally by a section of rich and corporates. For them, these are the economic reforms which must go on without even bothering about the affordability of the same for the poor, middle class and general public of India. The hands that promised us a cozy life are no more even able to feed us twice in a day. Thanks largely to those hands which had promised to stand by us; the Mango people. The inflationary pressure is being felt by the general people on their back as it is getting bent with every reformist policy. Needless to say that “Hamein to loot liya mil ke reformist walon ne, gori gori chamri ne ghane ghane balon ne”. Recently one of the most prominent person from a prominent family has called India a banana republic and its people mango people. Yes! We indeed are a banana republic but we are surely not a Mango people as the rising inflation...
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...17-32012 Seq. Duty Description (A) Assessable Value Rs (B) Basic Customs Duty (C) Sub-Total for calculating CVD ‘(A+B)’ (D) CVD ‘C’ x excise duty rate (E) Sub-total for edu cess on customs ‘B+D (F) Edu Cess of Customs – 2% of ‘E’ (G) SAH Education Cess of Customs – 1% of ‘E’ (H) Sub-total for Spl CVD ‘C+D+F+G (I) Special CVD u/s 3(5) – 4% of ‘H’ (J) Total Duty (M) Total duty rounded to - Duty % Amount 10 12 2 1 4 Rs. 1,000 100.00 1,100.00 132.00 232.00 4.64 2.32 1,238.96 49.56 Total Duty 100.00 132.00 4.64 2.32 49.56 288.52 289 Notes – Buyer who is manufacturer, is eligible to avail Cenvat Credit of D and I above. A buyer, who is service provider, is eligible to avail Cenvat Credit of D above. . A trader who sells imported goods in India after charging Vat/sales tax can get refund of Special CVD of 4% i.e....
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...Group - 5 Somnath Bhaduri Neeraj Jain Naveen A. Kumar Kirti Katiyar Harsh Agarwal Dipankar Duttagupta Group - 5 Somnath Bhaduri Neeraj Jain Naveen A. Kumar Kirti Katiyar Harsh Agarwal Dipankar Duttagupta MIDDLE-INCOME TRAP IN INDIA MIDDLE-INCOME TRAP IN INDIA TABLE OF CONTENTS 1. Introduction……………………………………………………………………………………………… 2. The Middle Income Trap…………………………………………………………………………… 3. Reason why countries are struck in Middle-Income Trap…………………………. 4. India enters the Middle Income Group…………………………………………………….. 5. Factors causing Middle Income Trap and Economic Slowdown………………… 6. Income inequality and its relevance…………………………………………………………. 7. How to avoid India falling into Middle Income Trap…………………………………. 8. Conclusion………………………………………………………………………………………………… INTRODUCTION According to International Monetary Fund World Economic Outlook (April-2015), GDP (nominal) per capita of India in 2014 at current prices is $1,627. India is in the lower-middle income category. India’s entry to the middle income group has raised the question whether it will be able to avoid the ‘middle income trap’ which refers to prolonged stay in the middle income category and failure to move ahead to the high income category. India’s economy has developed quickly in the last decade, improving living standards and experiencing strong growth in such critical sectors as ICT (information, communication and technology). In recent years, however, circumstances...
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